News from INVL Technology managed companies: NRD Cyber Security's growth shows an increasing demand for quality cybersecurity services
24 Abril 2024 - 1:30AM
UK Regulatory
News from INVL Technology managed companies: NRD Cyber Security's
growth shows an increasing demand for quality cybersecurity
services
NRD Cyber Security, which also owns NRD
Bangladesh, had consolidated revenue of EUR 7.411 million in 2023,
an increase of 21.9% from 2022. Its operating profit grew 77.1%
last year to EUR 0.99 million as EBITDA rose 74.3% to EUR 1.14
million.
According to Vilius Benecis, Director of NRD
Cyber Security, the company's growth is driven by strong
competencies in establishing and modernising cybersecurity teams,
focusing on automation of their work and development of specialised
tools, and international cooperation. The development of activities
in more than 50 countries, active participation in both Lithuanian
and international cybersecurity community, enables the company's
specialists to offer high competences based on international
standards and best practices.
NRD Cyber Security's sales revenue in 2023 in
foreign markets amounted to EUR 2.37 million, an increase of 78%
compared to the previous year's sales revenue of EUR 1.33 million
from foreign customers. This was driven by a significant increase
in the number of projects aiming to strengthen national cyber
resilience. In more than 30 countries, the organisation's experts
built national cybersecurity teams, helped develop national
cybersecurity strategies and carried out other cyber
resilience-building activities. Clients include the Central Bank of
Egypt, the Ministry of Economy of Kosovo and the European
Investment Bank, European Union Agency for Cybersecurity
(ENISA).
In addition to building and modernising
cybersecurity teams, the company operates as an MSSP and provides
such services under CyberSOC name. NRD Cyber Security further
strengthened its leading position in the market of these services
in Lithuania in 2023 by launching a 24/7 CyberSOC service option.
It differentiates in the market as the service is provided around
the clock by real analysts. Last year, CyberSOC services were also
launched abroad, with centralised monitoring and prevention of
cybersecurity incidents at the Central Bank of Botswana.
The organisation's unique cybersecurity tools -
Natrix, a centralised threat monitoring platform, and CyberSet, a
toolkit for automating the services provided by cybersecurity
teams, - are gaining increasing recognition in the global market.
In 2023, both tools were deployed in Malta's national cybersecurity
team CSIRTMalta. Also, Natrix was deployed in Egypt's CSIRT for
country‘sfinancial sector EG-FinCIRT, while CyberSet has enabled
cybersecurity teams in the Bahamas, Trinidad and Tobago, Barbados
and other countries to start delivering their services.
About NRD Cyber Security
NRD Cyber Security offers cybersecurity
solutions, consulting, and other services. The company aims to
create secure digital environments for countries, governments, and
businesses, and undertakes a wide range of projects around the
world. The company is managed by INVL Technology, a Nasdaq
Vilnius-listed IT investment company.
The person authorized to provide additional information:
INVL Technology Managing Partner
Kazimieras Tonkūnas
E-mail k.tonkunas@invltechnology.lt
- NRD CS_Annual results for 2023
Invl Technology Ab (LSE:0R60)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Invl Technology Ab (LSE:0R60)
Gráfica de Acción Histórica
De May 2023 a May 2024
